The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1887-12-03

Il iron and will in time, no doubt be-
come one OF the leading mines in this
district. There are OF course two stories
az 10 the cause OF the trouble which
brought the matter into the courts and
AZ near as the writer is able TO ascertain
originated about in this way: Early in
1886 Capt II. Raher and William James
secured an option on the land which be-
longed TO Hon. Edward Breitung, of
Segi'unee. These gentlemen, who are
both expert miners, did considerable
work on the land and finally succeeded
in finding the ore. In June last Mr..
Scadden obtained an option on the in
terest held by Mr. James, being one-half,
and with a crew OF men developed the
lind materially, Meanwhile Mr.. Scadden
was negotiating with out side men OF
means who were to take the find, but by l
some proceeding the sale was not con-
summated and the option expired and Mr.. |
Scadden Withdrew, claiming that MIR.
James would not give him lease when
he demanded it, and instituted suit In
Circuit court against MIR. James on that
ground. The case came up at the last
term Of court which was held here two
weeks ago. Scadden claimed that james
acted contrary TO agreement and James
retaliated bv saying that he did not re-
fuse to give Scadden a lease, that he
never asked for il and could have had
the lease any time he asked Tor IL and
Scadden claimed that he had always
been ready to take the lease and wanted
u. james wanted $4,000 for his hall
interest and Judge Grant gave Scndden
one week IN which 10 raise the money.
Mr.. Scadden procured the necessary cash
but has encountered a few things not
Just to his liking. and will not pay the
so that he will be certain that his title il
a clear one, and this il quite likely To be
settled shortly.
The market presents nothing note
worthy at this time. Sales OLD 900 tons
OF Besscmer hematitcs are reported for
the week, at full quotations. One firm
that handled over half n million tons Of
ore by lake reports only 1000 tons left.
Another, and probably the largest dealer
IN ore. has nothing for sale at any price
Oar producers generally IRE very firm in
thrir declaration thnt ore charters must
come down II vessel owners desire To do
any business next season, and the out
side figure named for Ashland charters is
$1.5O. The proposed improvements
along the ore docks and the huisting
machinery promised 10y the ~ Y. u. and
q. railway, together with the double
\, Youngstown and the contemplated
dredging 81 the old river bed ought, as
they doubtless will attract an increased
tonnage Ca Cleveland. AZ this writing ore
" still being received, 80 that "a complete
statement ~ the seasons business can
n, be made up. We quote:
No. 1 Spccuiar and magnetic BESSIE
per tOn...s.s...................<1 OOWT 90
No. I specuar mon Bessemef) ores
pr s". ..''''''''''-'''''''''' gr 20 20
Non Bessemer Hematites.............. 9 OOab 90
Cleveland Iron Trade Review.
The directors OF the Calcdonin Mining
Co., 40 says the Mining News, have de-
cided To call an assessment. Stockhold-
ems will receive one share III treasury
stock FOR every dollar they pay into the
treasury. The money will bc used In
paying royalties aud meeting other ex-
penses Negotiations Tor Salesof the
mine are said Go he IN progress. The
property ia located about seven miles
nearly north Of Crystal Falls, con the
AIchigamme river and Is equipped with
a fair plant ~ mining machinery. The
ore IL roft. very red and the quality 81
the ore IN "A Bcssciner ln character. The
Caledonia will i'm all probability ship its
product over the Milwaukee & Northern
\railroad as IL is located only short
Zine 49, 80
paint River people are raising and
ore at a lively rate and by the
OF spring will have a large quaint
IRE ON hand 90 begin the seasons
V with. Stopcing Is being done M
I'm OF the big open pit and two
being carried from Il shaft, one
h one west. new skip has been
which will materially augment the
Of ore. Many changes have
hide In the Paint River mine dur
summer and IL IL now in con-
No mine and ship very large
NJ ore. But little ore WINS sent
the last season. but next
fitness an entirely different
In,. 10 II IL Naid. The Paint
minc and j. In splendid
k.pical mining.
mr. 81 the Youngstown
Thursday and from
mining will prob
krarly as january
by the Youngs-
iocs not figure
~ property of
lidated Iron
Dncern sue
hcme, the
probably
enty-
Rom
,Dr-